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Monday, May 19, 2014

How Low Can Your Fees Go?

News summary by MFWire's editors

Well, it looks like the conversation over fee cuts isn't slowing down.

Morningstar's Russel Kinnel addressed the subject in a piece that also caught the attentionBarron's columnist Brendan Conway.

Kinnel noted that since the year 2000, average fees have fallen from 98 basis points to 71.

The Morningstar analyst cited a previous piece he wrote outlining some of the more notable cuts in the past year. Conway also cited it as well:

Fidelity Small Cap Stock (FSLCX), fell 41 basis points to 69 bps.
Janus Global Research (JAWWX) fell 20 basis points 81 bps.
Fidelity Dividend Growth (FDGFX) dropped 29 basis points, to 62 basis points.
Fidelity Mid-Cap Stock (FMCSX) fell t22 basis points to 63 bps.

Kinnel attributed the fee cuts in part to last year's stellar equity markets, which led to health asset growth which triggered automatic fee breakpoints.

The second driver, of course, was funds flows directed by price conscious investors.

Fee cuts are expected to continue through this year given further expected market growth. 

Edited by: Tommy Fernandez


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